world bank executive directors

Devex spoke to multiple World Bank executive directors who were involved in the months-long negotiations. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189member countries. The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues. /MediaBox [ 0 0 612 792 ] We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. 0000002283 00000 n /Type /Page This site uses cookies to optimize functionality and give you the best possible experience. This site uses cookies to optimize functionality and give you the best possible experience. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equally divided Board. TheCode of Conduct for Board Officials(pdf) that took effect on November 1, 2022, supersedes the Code of Conduct of the Bank and the Association, and the Boards of the Corporation and the Agency respectiively, on October 19, 2018, as amended on August 6, 2021. The World Bank Group is a consortium of five different international organisations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. 30 18 endstream endobj 5550 0 obj <>stream {9}ip!D/i+{ H8-Uk61uuUOR.Q&Sf s+ZX.dc7Fmf[Y!_.:#*ZOi"u/AKD?v^g4Az#kRLYz^-5NQSS[NYWS~X0m:QVCVmV. In a bid to promote local manufacturing of pharmaceutical products in nascent markets, IFC and Nippon Chemiphar Co. Ltd., a leading Japanese pharmaceutical company, are joining forces. xc```9,,@Y80\V```L_!S``Y#F"B2fmi50UCrG8 @1f`d@, Japan became one of the largest shareholders. Get our alerts and publications in your inbox. Other meetings such as Board Committee meetings are held at various other times whenever required. C[YyzmW)dRJ{y }.KT^B!Z6'r=Y o 7{ZZM[\~kV:4m(` 2 Presently, IBRD Board consists of 25 Executive Directors. Search for experts by topic, role, language spoken, and more. With regard to reform efforts . << Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA). DP^!r% endobj Presently, IBRD Board consists of 25 Executive Directors. 0000108280 00000 n We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Before being elected as the Bank's first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. /op false These member countries, or shareholders, are represented by aBoard of Governors, who are the ultimate policymakers at the World Bank. /Length1 56880 hMk1D !qBz=E:vvZG'}NJXRJ3 0]@gC )CF\-O )4uA%-]%P %PV: Mee;fFi? The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. It provides advice on the procedures for subscribing to additional shares as authorized under resolutions approved by theBoards of Governors, including required documentation and capital subscriptions payments. Vice President, World Bank Group External and Corporate Relations. The Executive Director is supported by the Alternate Executive Director, Senior Advisors and Advisors, who review and provide advice on policies, strategies and projects presented for consideration and approval by the Executive Board. Find out what the Bank Group's branches are doing in Sub-Saharan Africa. It also provides technical assistance and policy advice and superviseson behalf of . The President of the World Bank Group serves as Chairman of the Board, and is selected by the Executive Directors. /Parent 25 0 R Click here for more information about the World Bank Board of Directors, including a calendar of their meetings. The bank is headquartered in Washington, D.C. in the United States.It provided around $98.83 billion in loans and assistance to "developing" and . JSDF is an official development assistance program funded for World Bank by the government of Japan. /Descent -206 endobj /Prev 159986 /L 160724 35 0 obj /StemV 92 The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, inclusive economic growth and job creation, climate change, and others. The Office also comprises a senior executive assistant and program assistants who provide administrative support. Vice President and World Bank Group Chief Risk Officer. They discussed Japan- WB partnership digital issues, including digital development, cybersecurity and Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent of more than 200 percent of government revenues. /FontStretch /Normal 19 April 2023 . The World Bank Group works in every major area of development. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), Data - Sub-Saharan Africa (developing only). Lakshmi Shyam-Sunder. /Widths [ 313 0 0 0 0 0 0 0 0 0 0 0 0 0 303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Global data and statistics, research and publications, and topics in poverty and development. /CropBox [ 0 0 612 792 ] /Length 155 _vqLkqH)KAjj%5''vF>{z,ux[aW8Q0qz)~hi6pIM.rijEf D/A} FqU-%&Z7=a'rSI[C=uM^#jG9;2=OET;{G5]o6ipx5kW]1&D/K0mJE+aZjs>'8oQ. ,n?#4J+ p The World Bank Group Boards of Directors refers to four separate Boards of Directors, namely the Board of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). endobj In a Project Syndicate op-ed, three World Bank Executive Directors (Wempi Saputra, Erivaldo Alfredo Gomes, and Abdoul Salam Bello), representing 41 client countries across Asia, Africa, and Latin America, called for an IBRD capital increase alongside an IDA replenishment and greater mobilization of private finance. f_}$'eq-54h0x*kj[.HPYswesHcnM+v/i?IF\s")s9 I(0?w,\Z /BaseFont /KJJAHM+Tahoma /E 110443 >> The Office also has a fiduciary responsibility, to act in the best interests of the organization as a whole. << 0000071840 00000 n Subscribe. The Code of Conduct for Board Officials sets forth principles and ethical standards for the Executive Directors, the Presidents of each of the organizations, Executive Director Designates, Executive Director Post-Designates, Alternate Executive Directors, Alternate Executive Director Designates, Alternate Executive Director Post-Designates, Temporary Alternate Executive Directors, Senior Advisors, and Advisors to Executive Directors (collectively, Board Officials) in connection with, or having a bearing upon, their status and responsibilities in the organizations of the World Bank Group. The Boards of Governors consists of one Governor and one Alternate Governor appointed by each member country. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Gifts are tax deductible to the full extent allowable under the law. The Executive Directors are responsible for conducting the day-to-day business of the World Bank. Women have broken gender stereotypes and come forward to carve their own identity during the most difficult of times. This site uses cookies to optimize functionality and give you the best possible experience. /T 159997 The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues. The World Bank Group works in every major area of development. Executive Directors (or Alternates) fulfill a dual function, as officials of the Bank and as representatives of the member country or countries that appointed or elected them. The Polish-Swiss Constituency consists of. #>tAY76#l'N2Ui8T[ HHEM6CcYQ /SA false /LastChar 122 Under the IBRD Articles of Agreement, each of the five members having the largest number of shares appoints an Executive Director, and the remaining members elect the other Executive Directors. << 0000000829 00000 n Generally, the governors are member countries' ministers of finance or ministers of development. Sheila Redzepi. They make decisions on all matters, including policy, financial or membership issues. The Executive Director for EDS14 currently serves as the Member of theBudget Committee (BC)andthe Human Resources Committee (HRC). << We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Regular elections of Executive Directors are held every two years at the time of theAnnual Meetings. To learn more about cookies, click here. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. EDS06: Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, Tunisia, EDS07: Antigua and Barbuda, The Bahamas, Barbados, Belize, Canada, Jamaica, Dominica, Grenada, Guyana, Ireland St Kitts and Nevis, St Lucia, St Vincent and the Grenadine, EDS08: Argentina, Bolivia, Chile, Paraguay, Peru, Uruguay, EDS09: Australia, Cambodia, Kiribati, Republic of Korea, Marshall Islands, Micronesia, New Zealand, Palau, Papua New Guinea, Samoa, Soloman Islands, Vanuatu, EDS10: Austria, Belarus, Belgium, Czech Republic, Hungary, Kazakhstan, Kosovo, Luxembourg, Slovak Republic, Slovenia, Turkey, EDS11: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Qatar, Syria, UAE, Yemen, EDS12: Bangladesh, Bhutan, India, Sri Lanka, EDS13: Benin, Burkina Faso, Cameroon, Cape Verde, CAR, Chad, Comoros, DRC, Republic of Congo, Cote d'Ivoire, Djibouti, Equitorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritius, Niger, Rwanda, Sao Tome and Principe, Senegal Togo, EDS14: Botswana, Burundi, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, EDS15: Brazil, Colombia, DR, Ecuador, Haiti, Panama, Philippines, Suriname, Trinidad and Tobago, EDS16: Fiji, Indonesia, Lao PDR, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam, EDS18: Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Spain, Venezuela, EDS19: Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, FYRO Macedonia, Moldova, Montenegro, Netherlands, Romania, Ukraine, EDS20: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden, EDS21: Albania, Greece, Italy, Malta, Portugal, San Marino, Timor Leste, EDS24: Azerbaijan, Kyrgyz Republic, Poland, Serbia, Switzerland, Turkmenistan, Tajikistan, Uzbekistan. The voting power of each Member country is based on the number of shares it holds. endstream endobj 5549 0 obj <>stream The World Bank Group Boards of Directors refers to four separate Boards of Directors, namely the Board of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). 33 0 obj endobj Global data and statistics, research and publications, and topics in poverty and development, World Bank Support for Country Access to COVID-19 Vaccines, Environmental and Social Policies for Projects. trailer Mr. 558 0 742 0 498 444 ] /Ascent 1000 endobj The Executive Director represents Japan in the Executive Boards of the World Bank Group. *h&hj\5X;4z]A7k(7YO14cgsJ7ir\r:[,o'yhWAW e The position is usually held by the countrys minister of finance. >> During the Spring Meetings and Annual Meetings, the Bank Information Center, in partnership with CIVICUS: World Alliance for Citizen Participation and its members, award an Executive Directors Office with the Open for Business Award. endstream endobj 5547 0 obj <>stream /Pages 25 0 R Furthermore, Senior Advisors and Advisors assist the Executive Directors in their work, who can, along with the Alternates to Executive Directors, attend most Board meetings in an advisory capacity, without voting rights. Shares are allocated differently in each organization, resulting in differentvoting powers. Minister of Internal Affairs & Communications Takeaki Matsumoto visited WB and met with President Malpass. endstream We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. There are 25 Executive Directors and 25 Alternate Executive Directors representing the 189 member countries. Jin is the inaugural President and Chair of the Board of Directors. 36 0 obj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The World bank has 25 executive directors who each represent a country, or constituency of countries, and contribute to the bank's governance. % We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. 0_/&B QB.jEHo2y0!b 0D |0 G_kgqYis;qJDj,mD[Su-iR0 j& Environment Analysis. Dominique Favre is a Swiss Ambassador, currently serving as Executive Director at the World Bank Group in Washington D.C. The World Bank is like a cooperative, made up of 189member countries. The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Technology is bringing opportunity, paving the way to create new jobs, increase productivity, and improve public service delivery. Under the IDA Articles of Agreement and the IFC Articles of Agreement, the Executive Directors of IBRD serve, ex officio, as Executive Directors of IDA and as members of the Board of Directors of IFC. /Info 26 0 R /Root 31 0 R Headquarters I expressed strong support for Japans work on global health, Ukraine, debt transparency, and MIGA during our constructive discussion. They exercise powers delegated by the Boards of Governors. 0 525 553 461 553 526 318 0 558 229 0 498 229 840 558 543 553 0 360 446 334 0000108174 00000 n We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. He is of the strong conviction that it is in all people's interest to . Over that time, the World Bank Groupthe worlds largest development institutionhas worked to help more than 100 developing countries and countries in transition adjust to these changes by offering loans and tailored knowledge and advice. They exercise powers delegated by the Boards of Governors. The Executive Directors consider and decide on loan and credit proposals made by the President, and they decide policy issues that guide the general operations of the Bank. Under the IBRD Articles of Agreement, the Executive Directors are responsible for the conduct of the general operations of the Bank. The Board of Directors performs its duties full time at the ADB headquarters in Manila, Philippines. The World Bank Group works in every major area of development. World Bank appointments In practice, the same individuals are chosen to serve on the IBRD Board of Executive Directors and the MIGA Board. Each Board is responsible for the general operations of their respective organization. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. While there are four Boards, Executive Directors serving on these Boards are usually the same. >> Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Global data and statistics, research and publications, and topics in poverty and development, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), International Bank for Reconstruction and Development (IBRD), Multilateral Investment Guarantee Agency (MIGA), World Bank Appoints Dr. Sabine Bernab as Director-General, Evaluation, Selection of the President of the World Bank Group, The World Bank Accountability Mechanism Resolution, IFC/MIGA Independent Accountability Mechanism (CAO) Policy - English and Additional Languages, The World Bank Inspection Panel Resolution, IBRD/IFC/IDA Executive Directors & Alternates (pdf), Code of Conduct for Board Officials (pdf). We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. /ItalicAngle 0 /O 32 Like the IMF, the board of governors has delegated most day-to-day decision-making to the four separate boards of executive directors that govern the four financial entities of the World Bank Group. The government of Zimbabwe will "shortly conduct deeper and direct bilateral engagements with the capitals Washington DC, London and Brussels," Finance Minister Mthuli Ncube said in a presentation to IMF and World Bank executive directors. The Boards of Directors (the Board) is made up of representatives of the Banks member countries that appoint them or elected them. The President of the World Bank Group serves as Chairman of the Board. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The Executive Directors operate in continuous session and meet in accordance with Bank's requirements and needs. Thank you for participating in this survey! The World Bank Group works in every major area of development. The Board is responsible for the conduct of the general operations of the Bank, providing overall guidance to Management on strategic directions, exercising oversight over operational, financial, and institutional matters, and approving the use of financial resources by all WBG entities and policies that impact the organizations general operations and use of resources. /FontFile2 37 0 R THE EXECUTIVE DIRECTORS OF THE BANK AND IDA Madagascar - Credit and Grant - National Water Project 1. Appointment of executive directors There are currently 24 EDs on the board, one each for the five largest shareholders at the Bank- US, Japan, Germany, France and UK (see box). List of World Bank executive directors and alternates View this resource. If confirmed by the World Bank board of directors, Banga, 63, will be the first Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank. Read the World Banks plan to support African countries to strengthen the quantity, efficiency and impact of investments in people. << The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and finance. h24T0Pw/+Q04w,*.Q050 J$y&`^HeAiINf^j@ j Read more on:Boards of Governors. Member countries of the World Bank Group appoint or elect Executive Directors to the Boards of the International Bank for Reconstruction and Development (IBRD), the International Development Agency (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). Development Projects Projects By Country By Sector By Theme Country Engagement /FontBBox [ -600 -419 1852 1034 ] The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. Mission, Strategic Plan, Program Areas, Services, Tools, Board of Directors, Financial Statements, Annual Reports, Budget, International Development Association (IDA). In the event that an Executive Director elected during the regular election terminates service before the next regular election, the constituency affected by the vacancy holds an interim election for a successor. endstream endobj 5545 0 obj <>stream Phenomenal World. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Indian-American business executive Ajay Banga was Thursday nominated by US President Joe Biden to head the World Bank. The first is to represent the interests of these Constituency members at the Executive Board of the WBG and to liaise with the respective Governors on issues relevant to the entire constituency or to a particular member of the constituency. endobj . Long-term economic growth is a key driver of poverty reduction and higher living standards. /Filter /FlateDecode 0000110199 00000 n P4 2!R0&'fh p.u\Z:$hL8!QrbfnXaX^|:z5 Ij3. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Vice President, Operations Policy and Country Services. Our People, Leadership and Work Culture | Standard Chartered Private Banking Online Banking Local site Contact Us Bahamas Bahrain Bangladesh Botswana Brunei Darussalam Chinese Mainland Cte d'Ivoire Ghana Hong Kong India Indonesia Jersey Jordan Kenya Malaysia Nepal Nigeria Pakistan Singapore Sri Lanka Taiwan Tanzania Uganda UAE Vietnam Zambia Japan is also one of the largest donors to trust funds that help the World Bank and its partners support the achievement of development results at global, regional and country levels. WASHINGTON, April 27, 2023 The World Bank's Board of Executive Directors today discussed a new Country Partnership Framework for Bangladesh (2023-2027) and approved $1.25 billion financing in three new projects. Furthermore, it is customary for the Directors of MIGA to be the same individuals as the Executive Directors of the Bank. >> /Linearized 1 Thankful to the Government of #Japan , and the Japan International Cooperation Agency INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Page 1 of 2 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENTINTERNATIONAL FINANCE CORPORATIONINTERNATIONAL DEVELOPMENT ASSOCIATION EXECUTIVE DIRECTORS AND ALTERNATES Equatorial Guinea With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. >> 0000001169 00000 n How can we manage the growing risks of floods and droughts on a warming planet? David R. Malpass ( @DavidMalpassWBG ), was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. 31 0 obj /Length 19949 The World Bank Group works in every major area of development. 20 April 2023 . Click on a country on the map to find out more information about its current World Bank Executive Director and their office. << endstream endobj 5551 0 obj <>stream -A)\^ouu'pac3vA+;`W\P!0d(4?hs lt2Naw$2$$7+ jL=A{tD'H80pG['/GL!!! 8d.Hd.Hd.Hl. @~,>@;OO@V}y*VW_dbNlNa\69QQmwr7Ruho/D%FFqv#3iTbdUf6:LUbf)12HFS6[sJ,MRbFX0bU#`%f9FEA1 *lelBlyWbF~NE#if uJ,;X4#. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Bank executive with Chase Manhattan Bank; former Executive Director of the World Bank 4 George Woods: January 1, 1963 - March 31, 1968 United States Investment banker and bank executive with First Boston Corporation 5 Robert McNamara: April 1, 1968 - June 30, 1981 United States Business executive with Ford Motor Company; Canada (English)/Canada (Franais) |Caribbean |Ireland|Jamaica|Latin America and the Caribbean|Small States, History of the Membership of the Current Constituency of EDS07, Some key takeaways from the 2020 Virtual Small States Forum held on October 8, 2020. endobj Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. /Metadata 29 0 R Under the IBRD Articles of Agreement, the Executive Directors are . h26R0Pw/+Q01L)643)YC0K%al` cfP1XTb;; F The World Bank operates day-to-day under the leadership and direction of the president, management and senior staff, and the vice presidents in charge of Global Practices, Cross-Cutting Solutions Areas, regions, and functions. World Bank Executive Directors oversee the day-to-day operations of the World Bank, approving all lending operations, policies and strategies, and institutional budgets and audits. Under theArticles of Agreementof IDA and IFC, Executive Directors and Alternates of the Bank serve ex officio as Executive Directors and Alternates of IDA and IFC, as long as the country that appoints them, or any one of the countries that have elected them, is a member of IFC and IDA. /Subtype /TrueType /Encoding /WinAnsiEncoding The Executive Directors are responsible for conducting the day-to-day business of the World Bank.

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